Regarding the current credit crunch, I did some digging and learned some lovely little nuggets about Canada. Less than 25% of house loans in Canada are securitized (by someone else, other than the banks) meaning over 75% are on the the banks balance sheets, making the banks accountable. The higher risk sub prime mortgages account…
All posts tagged canada
Happy Thanksgiving
Didn’t write much over the weekend, we Canucks have our thanksgiving early. Spent the time with friends and family, and had a great time. I have a ton of things to “complain” about with gaming and MMO’s but heck, it’s a holiday here so instead figured I would send thanks out to my online friends,…